SBI vs SCHD
SBI vs SCHD
Western Asset Intermediate Muni Fund Inc vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SBI offers more diversification with 148 holdings.
Side-by-Side Comparison
| Metric | SBI | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 1.29% | 0.06% | |
| AUM | $117M | $103.7B | |
| Dividend Yield | 5.94% | 3.31% | |
| Holdings | 270 | 104 | |
| YTD Return | +2.64% | +24.08% | |
| 1Y Return | +6.83% | +31.88% | |
| 3Y Return (annualized) | +6.66% | +14.92% | |
| 5Y Return (annualized) | -0.05% | +9.85% | |
| Volatility (annualized) | 9.2% | 13.6% | |
| Max Drawdown | -46.0% | -33.4% | |
| Fund Family | Franklin Templeton Investments (US) | Charles Schwab Asset Management | |
| Category | Tax Preferred | Equity | |
| Inception | Mar 2, 1992 | Oct 20, 2011 |
SBI vs SCHD Performance
Western Asset Intermediate Muni Fund Inc (SBI) is a ETF from Franklin Templeton Investments (US) and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year SBI returned +6.83% while SCHD returned +31.88%. Year to date, SBI is up 2.64% versus a gain of 24.08% for SCHD.
Over three years, SBI compounded at +6.66% per year against +14.92% for SCHD; over five years the annualized figures are -0.05% and +9.85% respectively. Across the full 15-year window we track, SCHD has the edge at +11.39% annualized vs -0.19%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 9.2% for SBI. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -46.0% for SBI and -33.4% for SCHD. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.34. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SBI charges 1.29% per year while SCHD charges 0.06%. On a $10,000 position that is $129 vs $6 annually, a gap of $123 per year that compounds over a long holding period. On income, SBI currently yields 5.94% against 3.31% for SCHD.
Holdings Overlap
SBI and SCHD share 0 holdings out of 248 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SBI or SCHD?
SBI has an expense ratio of 1.29% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $123 per year of difference.
Which performed better, SBI or SCHD?
Over the past year SBI returned +6.83% vs +31.88% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), SBI annualized -0.19% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, SBI or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 9.2% for SBI. Worst drawdown: SBI -46.0% vs SCHD -33.4%.
Should I hold both SBI and SCHD?
SBI and SCHD have a monthly-return correlation of 0.34, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SBI and SCHD?
SBI and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 248 unique securities.
Which pays a higher dividend, SBI or SCHD?
SBI yields 5.94% while SCHD yields 3.31%, so SBI currently pays the higher dividend yield.
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